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Rideshare network Lyft has enlisted the help of self-driving and ADAS technology provider Mobileye to establish the widespread commercialization of autonomous vehicles to large fleet operators.

Lyft ($LYFT) remains a household name in rideshare services alongside that other company that starts with a “U.” Both competitors appear to be embracing electrification, but Lyft especially has vowed to go 100% electric by 2030.

To do so, the company has established several partnerships to incentivize and empower its network of drivers to adopt a BEV for their work. Alternatively, Lyft has solidified alliances with several other tech companies and OEMs to implement autonomous vehicles, including Hyundai.

Speaking of autonomous vehicles, Mobileye ($MBLY) is an ADAS specialist based in Israel with 25 years of experience in the segment. The company was wholly acquired by Intel in 2017 before beginning to develop autonomous robotaxis with Volkswagen Group.

Since then, automakers like Porsche have turned to Mobileye for its advanced driving technology. More recently, Polestar partnered with the tech company to help enable hands-free, eyes-off (Level 3 autonomous driving) in its upcoming 4 SUV.

Today, Mobileye announced a new alliance with Lyft to combine its autonomous driving technology with the latter’s fleet operators that contribute to its network of 40 million annual riders.

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Mobileye’s computer vision technology detecting pedestrians in a crosswalk / Source: Mobileye

Lyft and Mobileye to deploy autonomous rideshare fleets

Mobileye shared details of its collaboration with Lyft today. In this collaboration, Mobileye intends to provide its proprietary autonomous vehicle (AV) technology to an ecosystem of purpose-built vehicle manufacturers, which will then become available for purchase by vehicle fleet operators and transportation service providers.

These “Mobileye Drive-based” autonomous fleets will help Lyft achieve its goal of bringing more robotaxi rides to cities in North America. They will also support operators who want to deploy and manage large-scale fleets in those metropolitan areas. As a result, those fleet operators will gain the opportunity to purchase Mobileye Drive-equipped, “Lyft-ready” vehicles from various OEMs building AV-ready EVs, like the Hyundai IONIQ 5, for example. Per Lyft CEO David Risher:

Mobileye’s full-stack technology is an important part of getting autonomous fleets Lyft-ready. As we make more AVs available to our 40 million annual riders, we’re laser-focused on building a platform where fleet owners will be proud to put their assets to work. We welcome Mobileye as an important strategic partner on the road to an autonomous future.

In addition to Mobileye Drive-equipped vehicles, Lyft intends to utilize the ADAS specialist’s new cloud-based AV demand technology, connecting those vehicles with AV fleet operators.

Through Mobileye’s turnkey autonomous vehicle ecosystem and Lyft’s current suite of AV Partner APIs, participating fleets are expected to be monetized while offering riders using the app a faster and broader availability of travel options. Mobileye president and CEO Prof. Amnon Shashua also spoke:

Cooperating with leading mobility providers and operators are essential steps to bring autonomous mobility services to reality. Enabling Mobileye Drive with Lyft’s network of 40 million annual riders in North America would allow our AV customers to reach new markets and geographies with autonomous services and provide the benefits of the technology through a sustainable business.

There are yet to be timelines on when or where we will see these Mobileye-equipped autonomous vehicles deployed by Lyft and its fleet operators, nor do we know what makes or models will see the technology first. This will be a story we will keep a (mobile) eye on and report back as we learn more,

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Trump crypto advisor David Bailey launching $300 million bitcoin investment company

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Trump crypto advisor David Bailey launching 0 million bitcoin investment company

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David Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed.

The deal, which has been in the works since January, consists of $200 million in equity funding and $100 million in convertible debt, according to a person familiar with the matter who asked not to be named because the fundraise hasn’t been announced. The Information was first to cover the story.

Bailey’s company is named Nakamoto, a tribute to the pseudonymous bitcoin creator Satoshi Nakamoto. It will focus on acquiring and holding bitcoin and is set to merge with an existing Nasdaq-listed company in a transaction that’s expected to be announced early next week, the person said. The company’s public listing is expected this summer.

Read more about tech and crypto from CNBC Pro

Nakamoto plans to buy companies around the world, including in Brazil, Thailand and South Africa, and invest its bitcoin into them, the source said. The venture is backed by a roster of well-known investors, with an advisory board that includes prominent figures, the person said.

Bitcoin investment firms raise large sums of money, often through a mix of equity and debt, to buy and hold bitcoin. Their stock becomes another way for investors to bet on the price of bitcoin.

Michael Saylor, founder of Strategy (formerly MicroStrategy), popularized the model, converting its cash reserves into bitcoin beginning in 2020. The move transformed the software company into a de facto bitcoin holding company, with the value of its stock soaring as bitcoin rallied. It’s now one of the world’s largest owners of bitcoin.

How Trump was ‘orange-pilled’ by three bitcoiners in Puerto Rico

Jack Mallers, who rose to fame by launching the Strike payments app, has secured billions of dollars for his bitcoin-holding venture Twenty One, which is backed by SoftBank and Tether.

“What we really pride ourselves on is being blue-chip credibility with startup upside,” Mallers told CNBC’s Crypto World this week. “We feel like we’re big enough to win entering the market with billions of dollars of capital upon launch, but we’re small enough to grow and we’re small enough to post bitcoin-denominated returns in what’s becoming a really competitive capital markets appetite for bitcoin exposure.”

WATCH: Jack Mallers looks to rival Strategy with new bitcoin company backed by Tether and SoftBank

Jack Mallers looks to rival Strategy with new bitcoin company backed by Tether and SoftBank

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This Port of LA terminal just ditched all propane forklifts for electric

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This Port of LA terminal just ditched all propane forklifts for electric

SSA Marine just pulled off a major clean energy win at the Port of Los Angeles. The global terminal operator has officially transitioned its entire fleet of forklifts at Berth 55 from propane to electric, making it the company’s first terminal to run 100% zero-emissions cargo handling equipment.

Berth 55 handles imported fruit from South America, and SSA Marine has operated there since the 1980s. Now, its 44 Hyster forklifts – 12 heavy-duty 10,000 lb. models and 32 3,000 lb. models – at the Port of LA are all electric. SSA Marine says the shift will cut propane use by around 44,000 gallons yearly and slash tailpipe carbon emissions by around 264 metric tons annually.

SSA Marine’s VP of sustainability, Meghan Weinman, said, “We are proud to partner with the Port of Los Angeles on this ambitious project, and we’re confident that Berth 55 will serve as a blueprint for future initiatives.”

The upgrade was a three-year effort between SSA Marine, the Port of LA, and several partners.

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Michael DiBernardo, deputy executive director at the port, said the achievement moves them closer to a big climate goal: making all yard equipment at the Port of LA emissions-free by 2030. “As a result of this initiative, SSA Marine has completed that goal five years ahead of schedule, which we appreciate.”

Read more: Arc is developing a 26-foot dual motor electric tugboat for the Port of Los Angeles


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Ford is raising prices on the Mustang Mach-E and a few other vehicles: Here’s why

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Ford is raising prices on the Mustang Mach-E and a few other vehicles: Here's why

And so it begins. Ford is raising prices on several vehicles built in Mexico, including the Mustang Mach-E. Like most of the auto industry, Ford is bracing for the impacts of Trump’s tariffs.

Ford raises prices on vehicles built in Mexico over tariffs

Just days after the company said it expected Trump’s new auto tariffs would cost $2.5 billion this year, Ford is raising vehicle prices on Mexico-built models.

A spokesperson confirmed to Electrek that Ford is increasing prices on the Mustang Mach-E, Maverick pickup, and Bronco Sport, all made at its plant in Mexico. The spokesperson said the move comes as part of its “usual mid-year pricing actions combined with some tariffs we are facing.”

The price increases do not impact Ford vehicles at dealerships or on the way. They will go into effect on imported cars after May 2 or later. These vehicles will arrive at dealerships in late June.

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Despite this, Ford is still offering employee pricing on all of these models through July 4 as part of its “From America, For America” campaign, which is available on most 2024 and 2025 models.

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2025 Ford Mustang Mach-E (Source: Ford)

Even with the upcoming price hikes, Ford said it has “not passed the full cost of tariffs on to our customers.” Although Ford didn’t share full pricing, the spokesperson said the Bronco Sport Heritage saw a $600 increase while the Maverick XLT AWD’s price increased by $700.

Like crosstown rival GM, Ford withdrew its financial guidance due to the uncertainty surrounding tariffs. GM estimates that the impact of Trump’s tariffs will cost even more this year, at around $4 billion to $5 billion.

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2025 Ford F-150 Lightning (Source: Ford)

Since Ford has the highest percentage of vehicles built in the US of any major automaker, outside of Tesla, it isn’t expected to take as big of a hit.

Ford imports around 21% of the vehicles it sells in the US. GM, on the other hand, imports about 46% of the cars it sells in the US.

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Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)

Ford is also offering a free Level 2 home charger on any new EV purchase or lease, including the F-150 Lightning, Mustang Mach-E, and E-Transit van. The “Power Promise” promo includes other helpful benefits, including 24/7 live EV support, proactive roadside assistance, and an 8-year, 100,000-mile battery warranty.

Ready to snag the savings while they are still here? We can help you get started. Check out our links below to find deals on new Ford F-150 Lightning and Mustang Mach-E models in your area.

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